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20121124
20121124
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FBC 8
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Search Results 0 to 7 of about 8 (some duplicates have been removed)
FOX Business
Nov 23, 2012 10:00pm EST
't get gro growth if you raise taxif rates. california and several other states, the top rate is approaching 50% effectively. fie they have as much incentive to fire somebody to lower costs is to hire somebody to increase revenues. lou: so we have a contemporaneous experiment going on.t it is a high-risk experiment, but nonetheless an experiment.ra in california, bringing tax levels above 50% in the nation getting ready to move higher.oio are we going to see california behave as the canary in the colh wind, if you will, when it comes to economic growth and theabili ability to support an ever-growing government? >> of go course, people are jusg fleeing california. t california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfarela recipients pour in, and you have an unsustainable state of affairs. that is california. silin unsustainable. meanwhile, they are destroying silicon valley. it is america's greatest asset., the source of all our technology and it is our potential for everth, and we are circling it over with a cast of g
FOX Business
Nov 24, 2012 10:00am EST
raise tax rates. and, california and several to the states, the top rate is approaching 50%, effectively with a 50% top rate. and, business has as much incentive to fire somebody, to lower costs, as to hire somebody to increase revenues. >> lou: we have a contemporaneous pareexperiment g on, in california bringing tax levels above 50%, the nation, right now, getting ready to move higher are we going to see california behave that's cas th in the coal mine, if you will when it comes to economic growth and the ability to support an ever-growing government. >> yes, people are fleeing california. california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfare recipients pour in and you get an unsustainable state of affairs, and that is california. unsustainable and meanwhile they are destroying silicon valley, which has been america's greatest asset. a source of all of our technology and our military power and potential for growth and we are sickling it over with a cast of green goo and everybody is angling for green subsidies and that is a tr
FOX Business
Nov 23, 2012 7:00pm EST
. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is being adaptive to the new reality is. i want to turn to the bookto the israel test. a ss a capitalist and
FOX Business
Nov 24, 2012 1:00am EST
different from when you americans started going west following the california. for example, the california gold rush. a land didn't belong to them. the country did not belong to them. it was mexico. you went in, but 800 mining claims association got 3 million americans. after a while you decided, why keep on shooting at each other. in the beginning of the 20th century you go out, create a private property system. that brought in banks, and you create. >> but california really got rich. the rest of the world is not. what is the difference? >> you americans at that time were absolutely conscious of what the rule of law was about. people kept on moving from the east coast to the west coast george washington called in bandied. the band is don't have a right to be here. congress can around and said, oh, yes they do. you start rewarding property on the basis of improvement. john: we did not always have these in america. american settlers worked out their own generally exempted right to property. >> those areas where you shaved off part of the tree. indicate they had accepted it. in some cases wh
FOX Business
Nov 23, 2012 9:00pm EST
% of the assets they need for current and future retirees. look at the northern california joint pension, 20,000 workers funded at 65%. they only have 60% of what they need. to fix this pension problem, new workers. they're trying to ganize wal-mart. they want these wal-mart workers to pay contributions to the pension fund and they won't be getting it out for many years that which point -- gerri: this points out what a prize walmart is. 1.3 million workers, and it would be, a bailout for the unions. they are not concerned about wal-mart workers here. it is about their own obligations. >> you don't think they're telling these wal-mart workers if they join the union if walmart becomes unionize these workers would buy into these pensions. they're not telling them that all. there saying join a save you will be better off but these workers would be better off with i r as and 401(k) plans and pension they will get back rather than putting money into a failed pension. none of your listeners would put money into a pension of 55%. gerri: jeff flock was on the ground looking at who was out there doing
FOX Business
Nov 24, 2012 4:00am EST
. >> that is correct. the pre-verse thing is you don't get growth if you raise tax rates. in california d several other states that top rate is approaching 50% effectively with a 50% top rate, a business have as much incentive to fire somebody to lower-cost as to hire somebody to increase revenues. lou: it is a high risk experiment, but nonetheless experint bringing tax levels above 50%, the nation right now getting ready to move higher. are we going to see california behave as the canary in the coal mine, if you will, when it comes to economic growth and the ability to support an ever-growing government? >> of course. people are just fleeing california. california is what happens to countries that raise their tax rates. entrepreneurs flea and welfare recipients flee in and you have an unsustainable state of affairs, and that is california, unsustainable. and silicon valley is america's greatest asset, the source of all of our technology and ultimately our military power and potential for growth and we are settling into over the pale, everybody in silicon view is angling for green subsidies and it is a
Search Results 0 to 7 of about 8 (some duplicates have been removed)